Private blockchain technology will impact industrial supply chains worldwide. Learn how it will impact you in this podcast.

Blockchain is a shared, distributed ledger that facilitates recording transactions and tracking assets in a business network. These assets can be tangible like raw material, a machined part, or assemblies.

They can also be intangible like intellectual property, such as patents, copyrights, or branding.  Two key benefits of using Blockchain across the supply chain is that it is:

1. 1. Efficient: You record the transaction information once and it is available to all parties through the distributed network.
2. Safe and secure: The underlying ledger is tamper-evident. A transaction can’t be changed; it can only be reversed with another transaction. In this example, both transactions are visible.

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